The impact of the US stock market being closed today is quite evident, with overall market trading volume significantly shrinking, and the market rhythm being kept very steady, basically oscillating within a narrow range. Bitcoin slightly retreated from the 88,000 level to around 87,400 and stabilized, with bulls only showing some signs of life at midday, rallying several hundred points to a high of 87,900; Ethereum followed a similar pattern, initially weak, then stabilizing around 2,955.

Interestingly, the bears did not show any real selling pressure, so overall the market is still oscillating mildly. The strategy in this kind of market is actually very simple—don't try to chase big one-sided moves, and avoid overtrading. When you see a dip, position appropriately; if there's an opportunity to enter, do so. Being too conservative can cause you to miss opportunities.

From the 4-hour K-line chart, the MACD lines are still fluctuating below the zero axis, and there’s no sign of the green bars turning red, indicating that bearish characteristics are still clear. But there's a detail that shouldn't be ignored—volume has been shrinking noticeably these days, and with the US stock market on holiday, it’s quite challenging to see a strong one-sided trend emerge.

Regarding moving averages, there's an interesting point. Although the price has recently pulled back to test the EMA7 short-term moving average, it has been held down by the EMA30 and EMA120, and the entire moving average system remains in a bearish alignment. This structure has not been broken, so the short-term pattern still leans toward a weak consolidation.

Trading strategy: Consider accumulating long positions on Bitcoin in the 87,000 to 87,300 range, targeting around 85,000; for Ethereum, moderately go long between 2,900 and 2,920, with a target near 3,000.